Categories
Apartments
About this property
Short Sale Opportunity -
River Park Apartments
330 11th Street N., Naples FL 34102
9 Buildings / 104 Units
52,802 Rentable SF
1BR and 2BR Unit Mix
Offered at $2,200,000 with 11.07% Cap Rate
Gordon River Apartments and River Park Apartments represent a “Value Add” opportunity to acquire both properties under a court appointed receiver ordered short sale. The two property portfolio contains a total of 200 units and is operated as a single property but can be purchased either together or separately at a combined asking price of $4,950,000 ($24,750/unit), which is well below replacement cost.
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Units
- 104
- Zoning
- R3T-12
- Lease Type
- 2200000
- 9 Buildings
- 104 Units
- 1 Br And 2 Br
- Unit Mix
Location
- Address
-
330 11th Street N.
Naples, Florida 34102